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5671.0 - Lending Finance, Australia, Aug 2011  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 17/10/2011   
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SUMMARY OF FINDINGS


HOUSING FINANCE FOR OWNER OCCUPATION

(Table 1)

The total value of owner occupied housing commitments excluding alterations and additions rose 1.3% in trend terms, driven by commitments for refinancing. The seasonally adjusted series rose 0.6%.

For further information, please refer to Housing Finance, Australia (cat. no. 5609.0), which was released on 12 October 2011.


PERSONAL FINANCE

(Tables 1 & 4)

In trend terms, the value of total personal finance commitments rose 0.9% in August 2011 compared with July 2011. Fixed lending commitments rose 0.9% and revolving credit commitments rose 0.9%.

In seasonally adjusted terms, the value of total personal finance commitments rose 2.2% in August 2011. Fixed lending commitments rose 2.9% and revolving credit commitments rose 1.5%.


COMMERCIAL FINANCE

(Tables 1 & 8)

The trend series for the value of total commercial finance commitments rose 2.0% in August 2011 compared with July 2011. Revolving credit commitments rose 2.9% and fixed lending commitments rose 1.6%.

The seasonally adjusted series for the value of total commercial finance commitments rose 7.9% in August 2011, following a 5.0% rise in July 2011. Fixed lending commitments rose 8.6%, following a 1.5% rise in the previous month. Revolving credit commitments rose 6.4%, following a 12.5% rise in the previous month.

The value of commitments for the purchase of dwellings by individuals for rent or resale (trend) rose 0.4% in August 2011, the fourth consecutive rise after twelve consecutive falls previously in the series. The seasonally adjusted series fell 0.7% in August 2011.

PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE
Graph: PURCHASE OF DWELLINGS BY INDIVIDUALS FOR RENT OR RESALE



LEASE FINANCE

(Table 1)

The value of total lease finance commitments (trend) rose 0.3% in August 2011. The seasonally adjusted series rose 6.6%, following a rise of 6.8% in July 2011.


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